Infineon ready to spend billions on acquisitions – CEO

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Reuters UK

MUNICH (Reuters) -Infineon is ready to spend several billion euros on the right takeover target as it searches for acquisitions, Chief Executive Jochen Hanebeck said in an interview published on Wednesday. The German chip maker is constantly “on the lookout” for suitable companies, Hanebeck told Frankfurter Allgemeine Zeitung (FAZ). “I see it in the range of up to a few billion (euros).” The chipmaker has said that it sees growth in particular in electromobility, autonomous driving, renewable energy, data centres, and the so-called internet of things – in which items like appliances, factory e…

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